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softbank will buy 3.1 convertible bonds at a price of $5.25 a share and softbank will finance the deal. >> and another analyst is joining us. good to speak to you. what do you make given the details through of the price and will they launch into more acquisitions once they've consolidated this one? >> that's right, i think a lot of people have speculated and talked about the deal in the uk a couple years ago. and going back to the rationale, the rationale is there for softbank to get this deal done to expand its investment into lde systems, and the company will have to explain and the synergies that they're proposing with this softbank/sprint combination. and from there on, i guess we'll see whether or not they'll go after clearwire, further expand their network in the u.s. >> what is the attraction here for softbank? >> this comes after the transaction of another acquisition in japan. so it's in line with what they've explained to investors over the past two years. where they want to take the company, expand into the telecom sector. and this will allow them to get a foot hold into the
softbank will buy 3.1 convertible bonds at a price of $5.25 a share and softbank will finance the deal. >> and another analyst is joining us. good to speak to you. what do you make given the details through of the price and will they launch into more acquisitions once they've consolidated this one? >> that's right, i think a lot of people have speculated and talked about the deal in the uk a couple years ago. and going back to the rationale, the rationale is there for softbank to...
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. >>> we begin with breaking news on sprint and softbank. david faber's been working this all morning. >> yeah. it's been like the old days, those phones lighting up. we got a lot of details to share but also a lot of questions. we can tell you for the last few months softbank has been in negotiations to buy a majority position in telecom provider sprint. now originally those talks also included my sources tell me t-mobile. in fact, would have involved a deal in which t-mobile and sprint got together, something that has been discussed many times in the past. and then softbank came in with a very large equity check buying down significantly what was deutsche telecom's stake in the overall and perhaps buying even more from the sprint shoulder. that deal didn't happen. as we all know, in fact t-mobile has moved on, has a deal to acquire pcs. by the way, while there's been a great deal of speculation that sprint might try an jump that deal, i think we can put that aside for the moment because that's not likely to happen. pcs shares are down. the
. >>> we begin with breaking news on sprint and softbank. david faber's been working this all morning. >> yeah. it's been like the old days, those phones lighting up. we got a lot of details to share but also a lot of questions. we can tell you for the last few months softbank has been in negotiations to buy a majority position in telecom provider sprint. now originally those talks also included my sources tell me t-mobile. in fact, would have involved a deal in which t-mobile...
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he is softbank. >> he is softbank. >> we are softbank. real quick correction on my part. earlier i mentioned clearwire negotiating with eagle river. earlier i said eagle rock. >> sounds nice. >> all right. well, coming up next a funny thing happened on the way to the fiscal clip. consumers and businesses developed two different views on the political impact. who should investors believe? we will explore that question. from microsoft, xbox marks the spot taking on pandora. microsoft getting back into the music business is like blank getting back into blank. tweet us @squawkstreet. your answers straight ahead. take a look at this morning's early movers on this monday morning. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... .
he is softbank. >> he is softbank. >> we are softbank. real quick correction on my part. earlier i mentioned clearwire negotiating with eagle river. earlier i said eagle rock. >> sounds nice. >> all right. well, coming up next a funny thing happened on the way to the fiscal clip. consumers and businesses developed two different views on the political impact. who should investors believe? we will explore that question. from microsoft, xbox marks the spot taking on...
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will how will softbank help its competitive dynamic? >> well, i think first and foremost it would help from a competitive standpoint but i will stress this, that in the past sprint as you mentioned has had some difficulties with regard to some of the integrations they've gone through. recently though dan and the team have done a very good job with network vision and also starting to shut down the network, planning to get out of the network by mid 2013. so before any of this came to be, we had said that we thought sprint would be worth about 6.5 dollars that is before softbank wld come in and potentially take 70% of the company as an investment for nearly $13 --13 billion as you mentioned. and sprint right now has over 21 billion in debt, they have 14.5 billion of net debt. so that type of investment would free up their balance sheet to do things such as increase their holdings. and while sprint said they have ample spectrum since the beginning of 2014 as i'm sure you and everybody else understands, spectrum is a scarce commodity at this
will how will softbank help its competitive dynamic? >> well, i think first and foremost it would help from a competitive standpoint but i will stress this, that in the past sprint as you mentioned has had some difficulties with regard to some of the integrations they've gone through. recently though dan and the team have done a very good job with network vision and also starting to shut down the network, planning to get out of the network by mid 2013. so before any of this came to be, we...
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softbank aims to sharply expand its business by breaking into the u.s. market. the yen's strength also works in softbank's in favor of taking advantage of the deal. the global cell phone market has been expanding rapidly due to the growing use of smartphones. softbank and sprint both provide services for apple's iphone, and they're also working to improve their services for a high-speed lte wireless network. >>> china's government says consumer inflation remains stable, hovering at around 2% in september. the index has been at that level for four straight months. officials at the national bureau of statistics said on monday that the consumer price index grew by 1.9% year-on-year. the cost of food, a major component of the index, grew at a moderate 2.5%. fruits and vegetables prices rose, but pork prices plunged. the bureau said the index for producer prices dropped 3.6% year-on-year. that's the seventh consecutive month of decline. government officials have pledged to boost the slowing economy through public spending and monetary easing. they're also closely wat
softbank aims to sharply expand its business by breaking into the u.s. market. the yen's strength also works in softbank's in favor of taking advantage of the deal. the global cell phone market has been expanding rapidly due to the growing use of smartphones. softbank and sprint both provide services for apple's iphone, and they're also working to improve their services for a high-speed lte wireless network. >>> china's government says consumer inflation remains stable, hovering at...
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japan's softbank dials up a deal for sprint, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20 and the s&p 500 up 11. retail sales rose more than 1% in september, which was better than expected. it follows an even bigger gain in august and its the best back- to-back showing since 2010. erika miller has a closer look at the data and what consumers were loading up on last month. >> reporter: it seems pretty unbelievable. but a single electronic devices appears to have powered the gain in u.s. retail sales last month. if you haven't guessed it, we're talking about the iphone 5. a remarkable five million of them were sold in their first weekend alone. and that appears to have boosted electronic
japan's softbank dials up a deal for sprint, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20...
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i don't know if this will make softbank number one in anything, which is the precise reason that softbank's ceo masayoshi san gave in his out-of-body press conference this morning. his "i'm a man and i want to be number one" rap seemed odd to me, as did the whole show which felt a little like godzilla versus mothra to take over. who are the winners? the companies that will make sprint better, mainly the cellular tower stocks. the losers? at&t and verizon, who suddenly have two well capitalized opponents, not one. tmobile and sprint now owned by softbank. the unknown, how much higher clearwire, the subsidiary can go. what to do? first, i think you should stop chasing the tower stocks right here right now. they've had huge runs. for sprint, you wait until the tender offer is completed or ring the register right now. you absolutely ring the register on clearwire. of softbank's investment, there is no way contingent with doing business with clearwire. you are buying at&t and verizon which worked their way back somewhat. they aren't damaged goods, but then again they certainly aren't worth as mu
i don't know if this will make softbank number one in anything, which is the precise reason that softbank's ceo masayoshi san gave in his out-of-body press conference this morning. his "i'm a man and i want to be number one" rap seemed odd to me, as did the whole show which felt a little like godzilla versus mothra to take over. who are the winners? the companies that will make sprint better, mainly the cellular tower stocks. the losers? at&t and verizon, who suddenly have two...
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softbank's total investment is expected to reach about $12.8 billion. both firms are providers for apple's iphones and both use a high-speed wireless communications protocol called lte or long-term evolution. the stronger yen is believed to be a factor in softbank's consideration in aspiring to buy sprint nextel. softbank executive are amay or may notally hoping to vastly expand their network in the u.s. where the market is showing considerable growth. if successful, the deal would lead to the creation of a telecommunications company with more than 90 million subscribers. >>> europe's financial leaders keep hearing others talk act their problems with debt. they're eager to turn the attention away from themselves. members of the international monetary fund and the world bank are discussing global threats at their annual meetings being held in tokyo. and now finance stiministers fr the group of seven nations are getting into the mix. more from reiko sakurai. >> reporter: the europeans stressed how much effort they're putting into solving their problems. t
softbank's total investment is expected to reach about $12.8 billion. both firms are providers for apple's iphones and both use a high-speed wireless communications protocol called lte or long-term evolution. the stronger yen is believed to be a factor in softbank's consideration in aspiring to buy sprint nextel. softbank executive are amay or may notally hoping to vastly expand their network in the u.s. where the market is showing considerable growth. if successful, the deal would lead to the...
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. >>> now japan is not enough for softbank moss boss nasayoshi son. committed to turning his telecom firm into a global mobile phone giant. the chairman and ceo laid out his ambitions after the company announced it bought the third largest u.s. carrier, sprint nextel. he revealed his intentions in an exclusive interview with nhk. >> translator: as we grow as a global firm, we can make our management stronger, firmer, and larger. this will lead to more capital investment for the next generation. it will enable us to provide better services including easier connections at higher speeds with lower charges. >> son said both softbank and sprint sell apple's iphones and both want to improve their high-speed lte wireless services. these were some of his main reasons for the recent buyout decision. son said he wanted to enhance softbank's competitiveness by accelerating capital investment. he said he wants to increase the firm's procurement ability for new telecoms equipment by taking advantage of scale. the softbank chief added the company intends to impleme
. >>> now japan is not enough for softbank moss boss nasayoshi son. committed to turning his telecom firm into a global mobile phone giant. the chairman and ceo laid out his ambitions after the company announced it bought the third largest u.s. carrier, sprint nextel. he revealed his intentions in an exclusive interview with nhk. >> translator: as we grow as a global firm, we can make our management stronger, firmer, and larger. this will lead to more capital investment for the...
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for softbank. i think that alfred nobel's memory there should be a merger and acquisition reporting nobel prize which you would have won way before sorkin years ago. >> could i have won it twice? >> as far as i'm concerned you should have won for mci. >> 1986, yes. >> and what was your other big one? >> i've had a few. dow jones was big, fraud at worldcom. >> fraud at worldcom. so it's your body of work. >> thank you, joe. >> what about today? this is even more, adding to your body of work. >> we reported it yesterday and luckily got almost all of the important details correct in fact all of the important details but we did get the announcement overnight, softbank investing $20 billion to take a 70% stake in sprint effectively take control of the third largest wireless provider in this country. it would be the largest single investment ever by a japanese company in a u.s. company. can't say acquisition because they're not acquiring all of it. if you're a current sprint shareholder you will have the
for softbank. i think that alfred nobel's memory there should be a merger and acquisition reporting nobel prize which you would have won way before sorkin years ago. >> could i have won it twice? >> as far as i'm concerned you should have won for mci. >> 1986, yes. >> and what was your other big one? >> i've had a few. dow jones was big, fraud at worldcom. >> fraud at worldcom. so it's your body of work. >> thank you, joe. >> what about today?...
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but, i believe that softbank's shares are down about 5%. now, can you explain that? >> well, you know, when you're the acquirer and you're the one taking risks, it's often that we see that kind of action for the acquirer. so, we've seen softbank under pressure since late last week when the ball started rolling, but for sprint, it means cash, it means better competitive edge in the market, so, for sprint, it's a real win. for softbank it's-- >> and sprint can use some of that money maybe to go after at&t and verizon and compete in the network business, that's my interpretation. >> time to duke it out. >> big deal, 20 billion dollars, not chump change. nicole, thank you very much indeed. the dow industrials are higher. up 22 in the first minutes. we're weeks away from the election, the candidates in a virtual dead heat. real clear politics has an average oo all of the polls last week, it has president obama and governor romney tied at 47. dead even. joining the company is with the maris institute of public opinion and joins us from the college. and i want to ask you ab
but, i believe that softbank's shares are down about 5%. now, can you explain that? >> well, you know, when you're the acquirer and you're the one taking risks, it's often that we see that kind of action for the acquirer. so, we've seen softbank under pressure since late last week when the ball started rolling, but for sprint, it means cash, it means better competitive edge in the market, so, for sprint, it's a real win. for softbank it's-- >> and sprint can use some of that money...
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this is on a nikkei report saying that softbank is going to acquire it. look at that spike, up 1.6%. this is adding on to the story as we were following it this morning. sprint had a spike on its news. nikkei saying softbank to acquire pcs. >>> up next, more on our huge exclusive. listen to what erskine bowles had to say about the anger politicians are about to see up close. >> people are never going to understand how critical this particular time in history is. we have 7.7 trillion -- trillion -- dollars worth of economic events that are going to hit america in the gut in december. and in washington, they're doing nothing about it! nothing about it! we should be asking these guys running for president and every guy running for congress -- what are you going to do? >> it is a really good question. right? what are they going to do? we will find out -- next. >>> let's continue the discussion now around our exclusive interview with lloyd blankfein, erskine bowles and alan simpson. even though there is a lot of concern about the fiscal situation, the goldman
this is on a nikkei report saying that softbank is going to acquire it. look at that spike, up 1.6%. this is adding on to the story as we were following it this morning. sprint had a spike on its news. nikkei saying softbank to acquire pcs. >>> up next, more on our huge exclusive. listen to what erskine bowles had to say about the anger politicians are about to see up close. >> people are never going to understand how critical this particular time in history is. we have 7.7...
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and with cash on hand from the softbank deal, it could completely change the market. sprint currently owns half of a company called clearwire, a major holder of the indust's hottt commodity-- wiless spectrum >> it will allow sprint later on to potentially buy all of clearwire, and create a spectrum powerhouse in the u.s. that will allow it to provide unlimited data services for a much longer time than any other carrier in the u.s. >> reporter: spectrum is pretty simple. it's the radio waves use to transmit things like radio and television broadcasts, police communications and now wireless data. and demand for it expding. an inst report shows by the end of last year, more than 111 million smartphones and similar devices were being used in the u.s. that's up 43% from the year before. telecom expert john mayo says demand for data grew by more than 300% last year. he says smartphones use around 40 times the spectrum of traditional cell phones. tablets use around 120 times the traditional amount. but space on the airwaves is limited and right now it's getting more and more
and with cash on hand from the softbank deal, it could completely change the market. sprint currently owns half of a company called clearwire, a major holder of the indust's hottt commodity-- wiless spectrum >> it will allow sprint later on to potentially buy all of clearwire, and create a spectrum powerhouse in the u.s. that will allow it to provide unlimited data services for a much longer time than any other carrier in the u.s. >> reporter: spectrum is pretty simple. it's the...
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that's catapulted softbank's profile in the mobile network in the u.s. the financing of the deal left investors unenthusiastic. we've seen the share price of softbank dropping around 25% just in the last two trading days. 17% on friday and around 8% yesterday. >> we've seen the yen falling back against the doctor. >> we're going to keep track of those. having a look at the currency levels right now. back to you. >> thanks. ramin reporting for us at the tokyo stock exchange. now for a completely different sort of rket, the sh market. this could be good or bad. conservation experts say the bluefin population has increased. it raises fear of a return to overfishing. report by the international commission for the conservation of atlantic tuna says observers have spotted a clear cut increase in recent years. the bluefin population declined from the 1970s to the mid 2000s. the report says the population recovered as reach ratifying country reduced its catch in line with commission guidelines. it could encourage expanded fishing quotas. the commission is said t
that's catapulted softbank's profile in the mobile network in the u.s. the financing of the deal left investors unenthusiastic. we've seen the share price of softbank dropping around 25% just in the last two trading days. 17% on friday and around 8% yesterday. >> we've seen the yen falling back against the doctor. >> we're going to keep track of those. having a look at the currency levels right now. back to you. >> thanks. ramin reporting for us at the tokyo stock exchange....
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softbank had a lot of interest in the u.s. markets. they made a couple of acquisitions in the smaller platform, advertising and all that. and given the discrepancy between dollar-yen, i think it makes sense for them to make an acquisition in the u.s. market right now. >> do you think they are then going to load up -- is sprint nextel going to keep the acquisition plans its has for clearwire and others? is it going to bulk up even more? >> sprint nell text will have a bit of cash. $8 billion cash with this soft bank owing acquisition. 70% stake. so that will leave sprint and it will be interesting how sprint will be using the $8 billion. my bet is that sprint will be looking to be more aggressive. they can use to be more aggressive on the clearwire acquisition. so i would think they would be a bit more aggressive on the upcoming spectrum auction. >> where do you think it creates opportunity throughout the rest of the sector, as well? who else may benefit or potentially be opportunistic here? >> i think the u.s. telecom industry. the way
softbank had a lot of interest in the u.s. markets. they made a couple of acquisitions in the smaller platform, advertising and all that. and given the discrepancy between dollar-yen, i think it makes sense for them to make an acquisition in the u.s. market right now. >> do you think they are then going to load up -- is sprint nextel going to keep the acquisition plans its has for clearwire and others? is it going to bulk up even more? >> sprint nell text will have a bit of cash. $8...
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softbank is not in talks to acquire clearwire. however, sprint, which already owns about 48%, 49% of the company, is in talks to do the same. to acquire clearwire as part of this deal. a very complex deal as you can see. softbank does have a need for sprint to have control of clearwire's board. it does appear that sprint is going about that by having discussions aimed at acquiring clearwire, which while it does own a lot of, does not own the majority of. some of which is still held by cable companies and the like including, of course, as well, some public shareholders. did want to clarify that when it comes to clearwire. finally, of course, we've seen shares of sprint pc -- excuse me. metro pcs down sharply today. i can tell you sprint did not consider a bid to come over the top in a deal that has been done between t-mobile and metro pcs as had been reported by some other outlets last week. as i have been reporting, t-mobile was an important component of these talks when they first began this summer between both t-mobile and sprin
softbank is not in talks to acquire clearwire. however, sprint, which already owns about 48%, 49% of the company, is in talks to do the same. to acquire clearwire as part of this deal. a very complex deal as you can see. softbank does have a need for sprint to have control of clearwire's board. it does appear that sprint is going about that by having discussions aimed at acquiring clearwire, which while it does own a lot of, does not own the majority of. some of which is still held by cable...
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. >> reporter: the deal between sprint and softbank still has to pass regulatory muster. if it does, it's expected to close by the middle of next year. sylvia hall, "n.b.r.," washington. >> susie: the great recession has sparked a major shift in the
. >> reporter: the deal between sprint and softbank still has to pass regulatory muster. if it does, it's expected to close by the middle of next year. sylvia hall, "n.b.r.," washington. >> susie: the great recession has sparked a major shift in the
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japan's softbank dials up a deal for sprint, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20 and the s&p 500 up 11. retail sales rose more than 1%
japan's softbank dials up a deal for sprint, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20...
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softbank is one of japan's biggest cellphone makers. sprint closed at $5.76 on thursday. ending benefits for retirees is the latest plan by kodak to emerge from bankruptcy. health, life, survival and dental insurance will all stop by the end of the year for 25,000 employees with a judge's approval. kodak would wipe a reported $1.2 billion in obligations off its books. in exchange, the company would give the retiree committee an estimated $7.5 million or possibly more to cover some costs. more companies are taking the plunge into public territory. ipo activity has risen 5.4% this year. this week, real estate giant realogy, owner of coldwell and century 21, debuted on the markets. it's the largest real estate ipo ever, and yesterday shares began trading on the higher end of the ipo price range. meanwhile, online photo site shutterstock priced in at 17 dollars, exceeding its 13- to 15-dollar range. intercept pharmaceuticals also priced in yesterday, at 15 dollars a share. royal gold, a precious metals company, and tech firm workday are expected to launch their ipos today. th
softbank is one of japan's biggest cellphone makers. sprint closed at $5.76 on thursday. ending benefits for retirees is the latest plan by kodak to emerge from bankruptcy. health, life, survival and dental insurance will all stop by the end of the year for 25,000 employees with a judge's approval. kodak would wipe a reported $1.2 billion in obligations off its books. in exchange, the company would give the retiree committee an estimated $7.5 million or possibly more to cover some costs. more...
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shares of sprint nextel fell a fraction today, despite news of that softbank merger deal we told you about. and, gold lost some of its luster today, after those positive reading on the u.s. economy, some on wall street believe today's retail sales report may be taking pressure off the fed's future easing plans. december gold futures dropped $22 an ounce to settle at $1,737. that erases all the gains we've seen since the fed launched its latest round of bond buying. and finally, four of the five most actively traded e.t.f.'s ended higher, while the ipath s&p 500 v.i.x. fell over 3%. that's tonight's market focus.
shares of sprint nextel fell a fraction today, despite news of that softbank merger deal we told you about. and, gold lost some of its luster today, after those positive reading on the u.s. economy, some on wall street believe today's retail sales report may be taking pressure off the fed's future easing plans. december gold futures dropped $22 an ounce to settle at $1,737. that erases all the gains we've seen since the fed launched its latest round of bond buying. and finally, four of the five...
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softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach $12.8 billion. both firms are providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and customer base in the united states where the market is showing considerable growth. if successful the deal would lead to the creation of a te telecommunications with more than 19 million subscribers. >>> u.s. markets ended lower dragged down by lackluster earning reports. the dow jones extended its losing streak to four days. this is the lowest closing since september 11. we go to ramin who is at the tokyo stock exchange. what can you tell us? >> good morning. following the slight losses that we saw in new york we got to keep track of the tex sect
softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach $12.8 billion. both firms are providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and...
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check out squares of sprint nextel, japan softbank talking about a two-thirds stake of sprint. nhk reported the original story and "the journal" says those talks are "advanced." it would be the largest foreign stake purchased by a japanese company on record and the stock is up 12% in the premarket. also a busy day for ipos, five are set for today, realogy holdings, intercept and kythera and shutterstock priced its offering above its expected range and garrison capital is expected to go public but not yet priced. >> it's a one shot on you, becky. >> i thought you had something you wanted to say. >> no, got nothing. >>> the street eagerly looking ahead to jpmorgan and wells fargo, those companies out with earnings on friday and joining us on set with a preview is betsy graseck, morgan stanley's large cap analyst. what are you looking for? >> looking to understand how good the fixed income has been, how good housing has been and all the various ways it's impacting them, and then on the other side of the equation is nim, what's the forward look there. i this i it will be fine this
check out squares of sprint nextel, japan softbank talking about a two-thirds stake of sprint. nhk reported the original story and "the journal" says those talks are "advanced." it would be the largest foreign stake purchased by a japanese company on record and the stock is up 12% in the premarket. also a busy day for ipos, five are set for today, realogy holdings, intercept and kythera and shutterstock priced its offering above its expected range and garrison capital is...
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Oct 16, 2012
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japanese telecomm company softbank is snapping up sprint nextel. softbank will shell out $20 billion to acquire the wireless carrier. around $12 billion of that will help lift sprint out of debt. the acquisition will result in a subsidiary called "new sprint." sprint's current ceo will remain on the job. shareholders still have to approve the deal. pizza hut is changing the rules of its presidential debate stunt. the pizza chain is offering a pie a week for 30 years or a check for around $15,000 to anyone posing the question "sausage or pepperoni?" to president obama or republican candidate mitt romney during tonight's live townhall debate. there was backlash. now, the company is attempting to move the promotion online for a drawing. it's billed as the million- muppet march on capitol hill. sesame street characters are called to join a march november 3rd in protest of mitt romney's plan to cut funding to pbs. the presidential candidate lit up facebook and twitter with comments following the october 3rd debate. romney said he "loves big bird" but wo
japanese telecomm company softbank is snapping up sprint nextel. softbank will shell out $20 billion to acquire the wireless carrier. around $12 billion of that will help lift sprint out of debt. the acquisition will result in a subsidiary called "new sprint." sprint's current ceo will remain on the job. shareholders still have to approve the deal. pizza hut is changing the rules of its presidential debate stunt. the pizza chain is offering a pie a week for 30 years or a check for...
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Oct 12, 2012
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but sprint doesn't control it and that's what softbank wants because its spectrum is what so softbank uses in japan. sure to be more negotiations. >> joining us is ed rogers. i don't know, is it audacious? it's certainly complicated. how do you think it will pan out? >> this is a fascinating deal. i think it's fascinating for two reasons. first of all, is this a statement about investment opportunities in the wireless market in the united states and taking on the big two, if you will, or is this more of a statement about how much money there is sitting in japan trying to find a home someplace. you know, why is softbank doing this deal, who will finance a $13 billion deal. that's as interesting as the deal itself to be honest with you. >> giles is nodding his head. but you're suggesting there is so much cash sitting around, eventually it is finally coming on out. investors have got fed up with earning nothing. >> absolutely. absolutely. somebody will finance this deal. softbank doesn't have the money in the bank. so, again, it's a $13 billion deal. this is an enormous deal. and i think
but sprint doesn't control it and that's what softbank wants because its spectrum is what so softbank uses in japan. sure to be more negotiations. >> joining us is ed rogers. i don't know, is it audacious? it's certainly complicated. how do you think it will pan out? >> this is a fascinating deal. i think it's fascinating for two reasons. first of all, is this a statement about investment opportunities in the wireless market in the united states and taking on the big two, if you...
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of sprint will now be owned by offshore investors the deal will likely be approved next year making softbank sprint the third largest mobile phone company in the world not only that this deal will suck billions in future revenue and profits out of the united states and into the japanese economy that's already the case of the nation's fourth largest mobile phone company t. mobile which is already owned by the german company bush a telecom a g in fact there are so few american telecom companies in manufacturers in our nation will likely have to rely on foreign telecoms like china as well why to build the next generation of telecom infrastructure in the united states that's how bad things have gotten for american industries. every single second in america over four thousand dollars worth of our industry is sold off to foreign investors by the time we had our first break tonight over three million dollars worth of american own industries will have been sold off to wealthy foreign interests when ronald reagan came into the white house we owned more foreign companies than any other country in the
of sprint will now be owned by offshore investors the deal will likely be approved next year making softbank sprint the third largest mobile phone company in the world not only that this deal will suck billions in future revenue and profits out of the united states and into the japanese economy that's already the case of the nation's fourth largest mobile phone company t. mobile which is already owned by the german company bush a telecom a g in fact there are so few american telecom companies...
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Oct 12, 2012
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something that softbank wants. so you could see a two-tier or two-step process in which softbank buys 19.9% of sprint primary shares and sprint goes out, uses that money to bring in what it doesn't already own of cle clearwire. and then you see the final tender offer under which we get the entire thing. we also have pcs, and i'll get to -- yesterday moved sharply lower and then was up for some reason on these strange rumors that softbank was interested in pcs. i can tell you at this point, there is no interest in pcs in terms of anything happening now. down the road is it possible that a softbank/sprint combination would seek to acquire a mobile combination, yes, it's possible if the antitrust regulators would allow it to occur. but nothing going on there as of now. it does not look at all like sprint has any interest in trying to jump that current deal. and don't forget, t-mobile was a part of the sprint/softbank talks when they first occurred this summer. >> surely there has to be someone else who wants it. the c
something that softbank wants. so you could see a two-tier or two-step process in which softbank buys 19.9% of sprint primary shares and sprint goes out, uses that money to bring in what it doesn't already own of cle clearwire. and then you see the final tender offer under which we get the entire thing. we also have pcs, and i'll get to -- yesterday moved sharply lower and then was up for some reason on these strange rumors that softbank was interested in pcs. i can tell you at this point,...
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Oct 11, 2012
10/12
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japanese bank, softbank, mobile carriers, softbank would be in advance talks to buy sprint and decided and we're seeing softbank buy majority stake in prince. sprint confirmed they're in talks. back to you. ashley: thank you, nicole. tracy: nicole, we'll ask you who the hottest bond girl is when we come back to you. i will ask you too, hottest bond girl. ashley: all right. tracy: cyber attacks on u.s. financial sector showing no signs of stopping. regions financial confirms it is the latest victim of a cyberattack. adam shapiro has been following the story around the clock. adam, what do you got. >> first you should remember the group responsible for these attacks carry them out only roughly eight hours this would have started roughly 10:00 a.m. new york time. so roughly four hours to go. here is what reasons on is telling us. we're experiencing internet service disruption that is intermittently impacting our customers ability to access our website or use our online banking service. we are working quickly to resolve this issue and regret any inconvenience customers may be experiencing.
japanese bank, softbank, mobile carriers, softbank would be in advance talks to buy sprint and decided and we're seeing softbank buy majority stake in prince. sprint confirmed they're in talks. back to you. ashley: thank you, nicole. tracy: nicole, we'll ask you who the hottest bond girl is when we come back to you. i will ask you too, hottest bond girl. ashley: all right. tracy: cyber attacks on u.s. financial sector showing no signs of stopping. regions financial confirms it is the latest...
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Oct 11, 2012
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three cheers if the softbank investment is the real deal. stay with cramer. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> seconds away
three cheers if the softbank investment is the real deal. stay with cramer. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had...
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Oct 15, 2012
10/12
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. >>> japan's softbank has reportedly agreed to acquire a majority stake in sprint nextel for $20 billion. preliminary figures show the annual boost to social security benefits could be among the lowest in decades, around 1% or an estimated $12 to $24 for the typical retiree collecting an average $1,237 a month. >>> sunland is expanding an ongoing recall of nut butter to include raw and roasted peanuts. amazon kindle owners could see a drop in ebook prices and possibly even refunds on past purchases if a judge approves legal settlements of publishers accused of fixing prices. >>> apple has not confirmed the existence of an ipad mini, but according to rumors, the device will come in 16 different configurations for around $300 to $650. itunes has competition with microsoft's announcement today of a digital streaming music service for use on xbox games gone soles. xbox music will eventually be available on all windows-based devices. >>> finally, if you have 007 envy, check out this four-wheeler called the quad ski that goes from land to water with the press of a button. soon it can be yours
. >>> japan's softbank has reportedly agreed to acquire a majority stake in sprint nextel for $20 billion. preliminary figures show the annual boost to social security benefits could be among the lowest in decades, around 1% or an estimated $12 to $24 for the typical retiree collecting an average $1,237 a month. >>> sunland is expanding an ongoing recall of nut butter to include raw and roasted peanuts. amazon kindle owners could see a drop in ebook prices and possibly even...
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Oct 24, 2012
10/12
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nintendo, and kddi, the second biggest mobile phone operator and along with softbank it carries apple's iphone. a lot of focus there. we'll see how earnings both in the u.s. and japan play out for stocks. yuko, back to you. >> thanks always, ramin, at the tokyo stock exchange. >>> the chinese economy has been losing steam. the pace of growth slowed down to 7.4% between july and september from a year earlier. was that the seventh straight quarter of slower growth. what's happening to the chinese economy? >> reporter: the shopping district is located in the heart of beijing. people hearsay they used to hear from them. >> translator: they say consumption is expanding, but i don't think the overall economy is that good. >> translator: our company made a lot of money last year, but not this year. our managers are telling us to cut the costs down. >> reporter: the city of dongguan in the coastal region is home to factories making clothes for overseas markets. surprisingly, a business is booming in this town. rows and rows of sewing machines are on sale at this machinery store and came from ne
nintendo, and kddi, the second biggest mobile phone operator and along with softbank it carries apple's iphone. a lot of focus there. we'll see how earnings both in the u.s. and japan play out for stocks. yuko, back to you. >> thanks always, ramin, at the tokyo stock exchange. >>> the chinese economy has been losing steam. the pace of growth slowed down to 7.4% between july and september from a year earlier. was that the seventh straight quarter of slower growth. what's happening...
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Oct 12, 2012
10/12
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three cheers if the softbank investment is the real deal. stay with cramer. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular
three cheers if the softbank investment is the real deal. stay with cramer. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying...
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Oct 12, 2012
10/12
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WBAL
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three cheers if the softbank investment is the real deal. stay with cramer. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. but lately she's been coming in with less gray than usual. what's she up to? [ female announcer ] root touch-up by nice'n easy has the most shade choices, designed to match even salon color in just 10 minutes. with root touch-up, all they see is you.
three cheers if the softbank investment is the real deal. stay with cramer. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. but lately she's been coming in with less gray than usual. what's she up...
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Oct 15, 2012
10/12
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a lot of talk -- we're going to do more on this about that softbank deal for sprint. >>> meantime, the nation's two largest public pension funds are now taking aim at rupert murdoch. calling for the news corp. chief to split the role of chairman and ceo. a good idea or politically motivated to grab headlines? bring in political and business consultant at frontline strategies. mark, your reaction to what california pers and californiasters are saying? >> it is kind of like getting a couple of green bay packer season ticket holders to suddenly hold a press conference and say they're demanding that aaron rodgers be replaced as quarterback. you've got a couple of pension funds, albeit the biggest in the world, struggling as of late to return investments they promised to their members, and yet at the same time they're trying to tackle one of the most successful media organizations in history. >> this sounds like you are saying they don't have a huge amount of credibility when they talk about independent leadership. i would imagine porpoise as well. but at the same time how much power do the
a lot of talk -- we're going to do more on this about that softbank deal for sprint. >>> meantime, the nation's two largest public pension funds are now taking aim at rupert murdoch. calling for the news corp. chief to split the role of chairman and ceo. a good idea or politically motivated to grab headlines? bring in political and business consultant at frontline strategies. mark, your reaction to what california pers and californiasters are saying? >> it is kind of like getting...
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Oct 12, 2012
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. >>> sprint nextel soared after a report it could be bought by japanese cell phone provider softbank. >>> and defense truck maker oshkosh shot up on news activist investor carl icon offering to buy the company for almost $3 billion. >>> elsewhere, big changes to walmart's employee health care plan. starting next year the mega chain will offer u.s. employees and their families free heart, spine, and transplant surgeries at six major health centers including the mayo and cleveland clinics. the reason, walmart believes paying more to get the job done right the first time saves on costly complications. >>> well, it's going to cost another penny to mail a letter next year. the cash strapped u.s. postal service will raise rates on january 27th to help offset a record $15 billion in losses this year. that means if you stocked up on those forever stamps back in 2007 when they debuted for 41 cents, you're now saving a nickel apiece. not bad. >>> and finally, do you get a warm, fuzzy feeling when you see that thumbs up sign next to your facebook post? come on, we all do, right? well, some crea
. >>> sprint nextel soared after a report it could be bought by japanese cell phone provider softbank. >>> and defense truck maker oshkosh shot up on news activist investor carl icon offering to buy the company for almost $3 billion. >>> elsewhere, big changes to walmart's employee health care plan. starting next year the mega chain will offer u.s. employees and their families free heart, spine, and transplant surgeries at six major health centers including the mayo...
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Oct 15, 2012
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. >>> sprint reaching a $20 billion deal to sell of half of itself to softbank. that move will now give sprint more firepower to compete with its big e urz eye values, at&t and verizon. and sprint's stock up 145% this year. but today it's on the downside. >>> sew ma mowdy has a market flash. >> pharma stocks are outperforming major indices right now. some of the big movers in pharma, abbott's, treatment for help. tie tis c showed 90% of patients who have hepatitis c and have never taken a drug for this disease showed a sustained viral response to its drug. ubs says in seven years global hepatitis c market will approach $19 billion. that's a huge opportunity. eli lilly after reporting promising alzheimer's data last week today announcing results from a late stage study of its cancer treatment. take a look at a couple other stocks outperforming today as well. bristol-myers and merck trading higher. >>> quick break and we should note that the dow jones industrial average is up 95 points. we're watching that. >>> plus, microsoft moving into the music business in a bi
. >>> sprint reaching a $20 billion deal to sell of half of itself to softbank. that move will now give sprint more firepower to compete with its big e urz eye values, at&t and verizon. and sprint's stock up 145% this year. but today it's on the downside. >>> sew ma mowdy has a market flash. >> pharma stocks are outperforming major indices right now. some of the big movers in pharma, abbott's, treatment for help. tie tis c showed 90% of patients who have hepatitis c...
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Oct 12, 2012
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however, i was reading today softbank needs a $23 billion loan, maybe you can give it to him, maybe pete can give it to him so the deal is not done yet. >> weiss, you're hanging the circles where 23 billion is a drop in the bucket. i know. >> it's chump change. >> you tell us which circles you roll in. >> it's chump change. i admit weekend tips but still a lot of money for sprint with their balance sheet. i'm getting more cautious now on verizon and telephone. i haven't sold yet. i think they'll bounce into earnings and then i'll revisit. >> workday blasts out of the gate with its trading debut. the web-based company popping more than 70%. josh brown would you be a buyer on this 70% pop? >> if you want to be in it and i probably do at some point you have to buy some today, just in case, but i would not take a full position here, because it's a huge premium. i will say -- >> why do you have to buy some today at all? i don't understand the logic? >> if you really want to be in this stock you can't take the chance that they're going to let you back in where it became public. it's a fabulous
however, i was reading today softbank needs a $23 billion loan, maybe you can give it to him, maybe pete can give it to him so the deal is not done yet. >> weiss, you're hanging the circles where 23 billion is a drop in the bucket. i know. >> it's chump change. >> you tell us which circles you roll in. >> it's chump change. i admit weekend tips but still a lot of money for sprint with their balance sheet. i'm getting more cautious now on verizon and telephone. i haven't...